Southern Copper is known to be one of the best companies of pure copper and has been enjoying success in terms of diversification. The corporation of Southern Copper is known to be engaging in a number of different activities that include refining, smelting, producing, exploring and mining copper along with a number of other mineral situated in Chile, Mexico and Peru (Alves, 2011). Not only the activities have been diversified, the locations have been diversified as well that make the corporation more diversified in comparison with Cliffs Natural Resources. It is known to be having an involvement in the flotation, milling and mining of copper ore for the production of molybdenum and copper concentrates, along with concentrates of copper being smelted for the production of anode copper and to refine the anode copper for the production of copper cathodes, along with silver in its refined form. The organization is known to be ranking at number five for the production of copper all across the globe. In addition to this, the organization is known to be producing several other minerals as well such as silver, coal, lead and zinc (Takakuwa, 2011). The ways in which the operations are conducted are also extremely diversified. This is due to the fact that the branches of the mining operations are conducted through the involvement of a number of subsidiaries.
With respect to the revenue earned by the sale of product, copper is known to be the dominating factor for driving revenue at 77 per cent in the first quarter of the year 2013. Irrespective of the fact that Asia represents 65 per cent in the consumption of copper all across the globe. This has been known to be approximately 17 per cent of the total revenue earned by the Corporation of Southern Copper (Dimitrakopoulos, 2004).